The property involved in the transaction is a 2,727-square-foot condo located at 132 East Delaware Place, Chicago. This unit is situated on the 62nd floor of the Four Seasons Hotel Chicago and features 11-foot ceilings with lake views. It was sold for $1,300,000, a loss relative to its purchase price in 1989.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $1,300,000
• Square Footage: 2,727
• Price Per Square Foot: $477
• Seller: Shirley & Pat Ryan
• Buyer's Representative: Carrie McCormick - properties Christie's International Real Estate
• Seller's Representatives: Michael Maier & Pamela Miles - Berkshire Hathaway HomeServices Chicago

The sellers, Shirley and Pat Ryan, have retained ownership of a larger neighboring unit that is currently listed for $2,300,000. The buyer of the condo is an oral surgeon who has acquired the southeast-facing unit.